Clearlight Energy, one of North America’s leading private renewable energy companies, operates more than 5,600 MW across 52 assets consisting of utility scale solar, wind, battery storage and renewable natural gas in North America. Approximately 5,100 MW of its operations are located in the U.S., across NYISO, MISO, PJM, ERCOT and CAISO markets, with the remaining 300 MW located in Canada. The Company is headquartered in Oakville, Ontario with employees in both Canada and the United States.
Clearlight Energy focuses on providing operational excellence to supply critical energy capacity and meet growing demand. Additionally, it has a 1,200 MW development pipeline of additional renewable resources to support grid reliability and decarbonization.
About the Role:
The (Sr.) Manager, Commercial Asset Management takes ownership of a portfolio of Clearlight’s assets with respect to commercial arrangements. Your goal will be to maximize asset value through optimization, re-contracting, capital investment, and co-located development. The role sits at the intersection of investment analysis, asset management, project development, and energy markets with high visibility both inside and outside the organization.
What you will do….
- Lead the analysis, prepare business cases, and make recommendations to senior leaders in support of major decisions impacting assets or the broader portfolio
- Take ownership of new initiatives with respect to investment, divestment, optimization, or other new developments or commercial arrangements surrounding the operating portfolio
- Track risks and opportunities specific to a subset of assets, becoming the subject matter expert for that portfolio and enabling insights that can be evaluated within the long-term model
- Be the go-to person with knowledge of the commercial points of all material contracts pertaining to your assigned portfolio of assets
- Prepare and maintain complex long-term financial models with respect to both individual operating assets and portfolios including Revenue, OPEX, CAPEX, Project Financing, and Tax Equity
- Utilize strong communication skills to ensure models reflect input from internal and external Subject Matter Experts (SME)
- Ensure all assumptions contained in financial models are properly vetted and documented
- Provide advice to asset management team on structuring, opportunities, and risks, based on the sensitivity of project metrics to changes in project assumptions
- Prepare investment summaries and presentations for Senior Management using output from financial models and understanding of power market and deal fundamentals
- Support other ad-hoc projects to further drive the team’s development objectives
We want you on our team because you…
- Have experience developing and/or managing a portfolio of energy projects
- Have experience with the development of detailed financial models, preferably the modeling of energy generation projects including complex financial and US tax equity structures
- Understand power market fundamentals, preferably with advanced knowledge of markets in Canada and in the US
- Have a Bachelor’s degree in Finance, Accounting, Economics, Engineering or other related fields.
- Have a keen interest and a passion for renewable energy
- Have the ability to work on multiple projects simultaneously with strict deadlines
- Possess excellent written and oral communication skills.
Additional designations and experience considered an asset…
- Professional designation (CFA, CPA, CBV) or MBA
- Investment banking, private equity, and renewable energy
- Data analysis experience including Python, Power BI, Fabric or other data analysis or visualization tools
